BB&T 2009 Annual Report Download - page 13

ŠBB&T Insurance Services, Inc., headquartered in Raleigh, North Carolina, which offers property and
casualty, life, health, employee benefits, commercial general liability, surety, title and other insurance
products through its agency network;
ŠStanley, Hunt, DuPree & Rhine, Inc., with dual headquarters in Greensboro, North Carolina, and
Greenville, South Carolina, which offers flexible benefit plans, and investment advisory, actuarial and
benefit consulting services (merged into Branch Bank on January 1, 2010);
ŠPrime Rate Premium Finance Corporation, Inc., located in Florence, South Carolina, and its subsidiary
AFCO Credit Corporation, headquartered in Pittsburgh, Pennsylvania, which provide insurance
premium financing to clients in the United States and Canada;
ŠGrandbridge Real Estate Capital, LLC, based in Charlotte, North Carolina, which specializes in
arranging and servicing commercial mortgage loans;
ŠLendmark Financial Services, Inc., located in Covington, Georgia, which offers alternative consumer
loans to clients unable to meet Branch Bank’s normal credit and mortgage loan underwriting guidelines;
ŠCRC Insurance Services, Inc., based in Birmingham, Alabama, which is a wholesale insurance broker
authorized to do business nationwide; and
ŠMcGriff, Seibels & Williams, Inc., based in Birmingham, Alabama, which is authorized to do business
nationwide and specializes in providing insurance products on an agency basis to large commercial and
energy clients, including many Fortune 500 companies.
BB&T FSB is a federal savings bank. BB&T FSB provides services to clients throughout the United States
and was formed to help improve the operating efficiency of certain business activities for subsidiaries which are
national in scope. In addition to credit card lending, the following businesses operate as either subsidiaries or
divisions of BB&T FSB:
ŠSheffield Financial (a division of BB&T FSB), based in Clemmons, North Carolina, which specializes in
loans to small commercial lawn care businesses across the country for the purchase of outdoor power
equipment and loans to individuals for power sport and leisure equipment;
ŠLiberty Mortgage Corporation, based in Norcross, Georgia, which originates mortgage loans through a
network of mortgage originators (including mortgage brokers, community banks and mortgage banks) in
a multi-state area; and
ŠMidAmerica Gift Certificate Company, which specializes in the issuance and sale of retail gift certificates
and giftcards through a nationwide network of authorized agents.
Major Nonbank Subsidiaries
BB&T also has a number of nonbank subsidiaries, including:
ŠScott & Stringfellow, LLC, which is a registered investment banking and full-service brokerage firm that
provides services in retail brokerage, equity and debt underwriting, investment advice, corporate finance
and equity research; and facilitates the origination, trading and distribution of fixed-income securities and
equity products in both the public and private capital markets. It also has a public finance department
that provides investment banking, financial advisory services and debt underwriting services to a variety
of regional taxable and tax-exempt issuers. Scott & Stringfellow’s investment banking and corporate and
public finance areas do business as BB&T Capital Markets;
ŠRegional Acceptance Corporation, which specializes in indirect financing for consumer purchases of
primarily mid-model and late-model used automobiles; and
ŠBB&T Asset Management, Inc., a registered investment advisor and the advisor to the BB&T Funds,
provides tailored investment management solutions to meet the specific needs and objectives of
individual and institutional clients through a full range of investment strategies, including domestic and
international equity, alternative investment products and strategies, and fixed income investing.
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